Krishak Bharati Cooperative Limited (KRIBHCO), a premier fertiliser producing farmers’ Cooperative Society has earned a pre-tax profit of Rs 513.13 crore during the financial year 2020-21.
The annual accounts of the society have been approved by the members in its 41st Annual General Body meeting held on September 16, which was presided over by Dr Chandra Pal Singh, chairman of KRIBHCO . It was attended by the directors of KRIBHCO and delegates of member cooperatives from different parts of the country at NCUI auditorium in New Delhi. The AGM was organised in hybrid mode through virtual connection where 502 delegates attended it from 45 different locations across various states.
KRIBHCO’s urea production during the year 2020-21 was 23.23 lakh MT and ammonia production was 14.02 lakh MT with 105.87 per cent and 112.43 per cent of capacity utilisation respectively. The society’s product basket consists of neem coated urea, bio-fertilisers, compost, certified seeds, BT cotton seeds, hybrid seeds, SSP, zinc sulphate, imported DAP, MOP and NPS KRIBHCO which is sold highly.
KRIBHCO Fertilisers Ltd (KFL) a wholly-owned subsidiary of KRIBHCO has produced 10.74 lakh MT of urea and 6.46 lakh MT ammonia with capacity utilisation of 124.26 per cent and 128.83 per cent respectively.
Rajan Chowdhry, the managing director of KRIBHCO, expressed his solidarity with all the people who lost their loved ones due to the pandemic. He informed that despite the challenges, the society adapted and performed excellently and achieved the highest sales of fertilisers. He also informed that the subsidiary company of the society KFL has performed well and surpassed its previous specific energy consumption record. It has set a new record of achieving the lowest ever specific energy consumptions for ammonia and urea. The society had received many awards in recognition of its excellent performance in various fields of operations.
KRIBHCO is committed to increasing farmers’ income, through the reduction in the cost of cultivation with judicious use of fertilisers based on free soil testing and farmers education. By promoting integrated agriculture, KRIBHCO also facilitates the formation of the Farmers Producers Organisation (FPO) through its Gramin Vikas Trust.